Need some advice please.

Ok I dont want to give any names, but last year I bought a atv brand new for $5,000. At the time of purchase I also bought additional theft insurance for $500 extra. Well a few months after having the atv it was stolen in the middle of the night. I filed a poilice report and all. I went round and round with the insurance company and they didnt do anything. As a matter of fact were still paying on this loan of the atv. We had to get another atv to add on to this loan so that we had a little something to show for what were paying on. So now our loan is $8,000 instead of $5,000. anyone know what/if anything can be done? I have all the insurance paperwork which clearly states "the original selling dealer will recieve a replacement allowance of $2,500 or $5,000 as selected above or (actual cash value if less than selected amount)towards your purchase of a replacement vehicle within 120 days of loss or the benefit will become null and void."what can be done if anything? we have been dealing with this for a year now. thanks

ADVISORY: Users are solely responsible for opinions they post here and for
following agreed-upon rules of civility. Posts and
comments do not reflect the views of this site. Posts and comments are
automatically checked for inappropriate language, but readers might find some
comments offensive or inaccurate. If you believe a comment violates our rules,
click the "Flag as offensive" link below the comment.

is sent the orignal loan/insurance company a copy of the police report and/or claim. Make sure you sent it certified mail return receipt requested ($4.85 or so in postage). Lay out the purpose of the letter with a deadline to respond. And stay on it.

It could be that this "slipped" through the cracks and is sitting on someone's desk.

Well hasn't it already been 120 days making the benefit "null and void"? lol Summerdaze, what do you mean by "I went round and round with the insurance company and they didnt do anything." Did they just say they wouldn't pay? If so, why?

"Fighting Barbarians for over 2000 years" - ALEA IACTA EST - "What we do in life echoes in eternity." - "Way down deep I'm very superficial"

It has been way over 120 days, they wouldnt cover anything and never said why, this has drug out for months, the only benefit we got out of it was for the credit limit to be raised to purchse another vehile and still have to pay on the stolen one. I know this doesnt make alot of sense and sounds crazy but I want to do something about it if anything, Im tired of paying on something we dont have and I dont want to ruin my credit by not paying on it.thanks again

Without seeing the fine details in WRITING regarding the policy, it's hard to give any definitive answers. The whole story sounds strange ... you really need to take the time and talk to a lawyer who can read your contract and determine whether or not they've violated the Agreement.

"Fighting Barbarians for over 2000 years" - ALEA IACTA EST - "What we do in life echoes in eternity." - "Way down deep I'm very superficial"

Comments are welcome, so long as they are civil. A Facebook account is required. Abuse may result in the commenter being permanently blocked. Personal attacks are strictly prohibited. We reserve the right to remove any comments at any time.